NewStats: 3,259,434 , 8,170,091 topics. Date: Saturday, 24 May 2025 at 11:52 PM 26171s

_Crashes Recurrent further to 14% at N133.1bn_

…_ Capital Expenditure rises to N837.9bn

… _Again, Education gets over 33% of budget_

… _Ramps up IGR from N37.4bn to N144.7bn in 2024_

…_Assembly promises early age_

Governor of Enugu State, Dr. Peter Mbah, has proposed a record N971bn budget bill for the 2025 fiscal year to the Enugu State House of Assembly.

Presenting the estimates entitled “Budget of Exponential Growth and Inclusive Prosperity” at the floor of the House on Tuesday, Mbah said the proposed estimates comprised N837.9bn Capital Expenditure, representing 86 per cent of the budget estimates, and a Recurrent Expenditure component of N133.1bn, representing only14 per cent of the budget.

This topples the record-holding 2024 budget of N521.5bn, consisting of N414.3bn Capital Expenditure, representing 79 per cent of the total budget and N107.2bn Recurrent Expenditure, representing about 21 per cent.

However, like the 2024 budget, the 2025 budget proposal emphasizes huge investment in education as well as basic but critical infrastructure and amenities like roads and bridges, water supply, transport services, energy, modernization and digitization of public services and associated processes, with the Education sector getting a lion-share of N320.6bn, representing over 33 per cent of the total budget for two consecutive years.

Mbah said that this was in line with his istration target of poverty eradication and an inclusive development model, which ensures that no one or segment of the society is left behind.

The governor equally announced a growth in the state’s Internally Generated Revenue, IGR, from N37.4bn at the end of 2023 to N144.7bn in September 2024, representing a radical 286.2 per cent increase in line with the istration’s deliberate effort to wean the state off reliance on FAAC allocations.

Addressing the House, Mbah said, “In crafting this budget, we have sort to continue to lay the right foundation in Enugu to enhance the economy and attract even more private investment.

“In spite of the dreary economic environment across the country, for us here in Enugu, we have elected to remain bullish in our aspirations, and to double down on our commitment to elevate our state to top three status in of GDP nationally, and eradicate poverty from our midst.

“Indeed, we see this as a vindication of our previously espoused view that sustainable national growth can really only be driven from the sub-national units to the federal levels, and not the other way round as we have attempted to do to date.

“It is on of this that we are proposing to the House of Assembly today, a budget with a total envelope of N971,084,000,000.00 as against the budget for 2024 fiscal year which totaled N521,561,386,000.00.

“This represents an 86.4 per cent increase from the 2024 revised budget.

“The budget is broken down as follows: N133,140,000,000.00 as Recurrent Expenditure and N837,944,000,000.00 as Capital Expenditure,” he said.

On sources of revenue, he said, “In the area of our revenues, we estimated that total Recurrent revenues during 2025 will amount to N692,179,000,000 as against the approved revised provision for 2024 of N383,789,000,000.00.

“The Recurrent revenues for 2025 are broken down as follows: opening balance – N32,000,000,000; Internally Generated Revenue, IGR – N509,947,000,000; statutory revenue – N48,749,000,000; exchange rate differential – N26,559,000,000; and Value Added Tax, VAT – N74,924,000,000.

“With the total Recurrent Expenditure at N133,140,000,000.00, this translates to a Net Recurrent Revenue of N559,039,000,000.00, which is thus transferred to the Capital Development Fund.

“The total Capital Expenditure for the year 2025 is projected at N837,944,000,000.00 as against N414,334,120,000.00 for the 2024 Revised Budget. The Current Capital Expenditure estimate will be funded from the sum of N559,039,000,000.00 to be transferred from the Consolidated Revenue Fund, and the Capital receipts of N278,905,000,000.00 to be realized as follows: External and Internal Aids and Grants – N15,000,000,000; other receipts – N80,202,000,000; Domestic Loans/Borrowings receipts – N55,000,000,000; and International Loans/Borrowings – N128,503,000,000.”

Meanwhile, in of broad sectors, the Economic Sector got a lion share of N462bn, representing 55.1 per cent of the Capital Expenditure, followed by the Social Sector with N345.7bn, representing 41.2 per cent.

In of specific sectors, Education got 33.2 per cent, the largest chunk, in sync with Mbah’s effort to eradicate poverty and graduate the state to a knowledge-based economy.

“As we must all know by now, Education is both our ‘sword’ and ‘shield’ in this battle to achieve economic growth in our state and banish poverty and want among our population. Consequently, we are maintaining the ambitious direction we charted in 2024 by voting a total of N320,609,059,000,00 for that sector. This represents 78% of the social sector of the budget and 33.2% of our Capital Expenditure this year,” he stated.

The governor explained that the 2025 budget would also focus greatly on health, road infrastructure, transport, agriculture, and water sectors, among others.

“There can be no economic growth without quality healthcare. This is why we are spending N45,830,896,000.00 on the sector this year.

“In the area of Works and Infrastructure, we will continue our relentless advance towards our target to build or refurbish all key roads across the state by 2031. In line with this, we will spend a total of N213,120,267,000.00 in 2025.

“Food inflation is a major component of core inflation in Nigeria. Consequently, food production is critical to moderation of the currently high levels of inflation in the Country. As a result, we will be spending up to N82,300,761,000.00 in the agricultural and agro-industrialisation sector this year.

In the area of Transport, we will be spending a total of N41,132,463,000.00 to expand Enugu Air with the acquisition of 4 additional aircraft. In addition, we will be consummating the concessioning of the Akanu Ibiam international airport as well as the construction of an international cargo terminal. We will also be floating a new taxi scheme in collaboration with the private sector to modernize urban and inter-urban transportation for Ndi Enugu.

2024 Budget Performance

Giving a breakdown of the state’s IGR and overall performance of the 2024 budget, the governor noted a remarkable increase in the state’s IGR since the inception of this istration, explaining that while the state’s IGR stood at N26.8bn in 2022, the istration it by 39 per cent to N37.4bn at the end of 2023.

However, as at September 2024, the state’s IGR had drastically increased to ₦144.7bn, representing a 286.2 per cent increase, expressing confidence that ti would sur 200billion by the end of the year.

“In of budgetary performance, the total revenue realised in the state as at October 2024 came to N459,851,309,396.47, which comes to a budget performance of 88%. Of this amount, N178,354,494,502.47 related to Statutory Receipts, while N136,700,000,000.00 related to Capital Receipts and N144,796,814,894.00 to Internally Generated Revenue.

“As at October, these inflows had been applied to Expenditure with N382,427,929,564.00 as Capital Expenditure and N76,546,090,116.18 as Recurrent Expenditure. These translated to a budget performance of 88%. Additional revenues and Expenditure are still expected before the end of the year, with IGR envisaged to sur the N200 billion mark.

“While we may make bold to say that our progress in this past year is commendable given the odds that were arraigned against the state economy, we are not yet ready to rest on our oars,” Mbah said.

Meanwhile, the Speaker of the State Assembly, Hon. Uchenna Ugwu, has promised early age of the budget by the House to sustain the governor’s development strides.

“He exhibited his leadership mantra, tomorrow is here.

“Because you have demonstrated enormous capacity; because you have exhibited enormous potential of the very fabric of our state’s economy, I want to assure you that the House of Assembly shall expeditiously consider this and give you the legal framework to continue flying high,” Hon. Ugwu stated.

https://enugustate.gov.ng/2024/11/26/gov-mbah-presents-record-n971bn-2025-budget-to-enugu-house-of-assembly/

May the budget fly higher than it was promised!

May Enugu one of the best states in Nigeria!
May Nigeria be great!

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How does he intend to finance it?

Tabithatim:
_Crashes Recurrent further to 14% at N133.1bn_

…_ Capital Expenditure rises to N837.9bn

… _Again, Education gets over 33% of budget_

… _Ramps up IGR from N37.4bn to N144.7bn in 2024_

…_Assembly promises early age_

https://enugustate.gov.ng/2024/11/26/gov-mbah-presents-record-n971bn-2025-budget-to-enugu-house-of-assembly/

They should approve it.. ofcos they'll definitely approve it. The man is tenaciously and meticulously changing the state

This look good sha
The proposed budget looks quite different from average Nigeria state budget where recurrent expenditures exceed capital budget..


The man stole mandate but is trying hard to use it well..........


I must keep LP aside and praise this budget for the sake of my good Enugu people

Mbah wants to borrow about 200 billion naira to fund a bloated budget even when he's relying on the ability of his government to more than triple the revenue from taxes all for a budget we all know will not see seventy percent implementation.

He's here speaking plenty grammar when he's about to plunge the state into more debt and I'm pretty certain his ers will be applauding him right now.

Our thoughts and prayers are with Enugu residents come 2025. Una landlords go sha increase una house and shop rents tire.

Atuero:
This look good sha
The proposed budget looks quite different from average Nigeria state budget where recurrent expenditures exceed capital budget..


The man stole mandate but is trying hard to use it well..........


I must keep LP aside and praise this budget for the sake of my good Enugu people

This looks good...

Gabitohernadez:
How does he intend to finance it?

“The total Capital Expenditure for the year 2025 is projected at N837,944,000,000.00 as against N414,334,120,000.00 for the 2024 Revised Budget. The Current Capital Expenditure estimate will be funded from the sum of N559,039,000,000.00 to be transferred from the Consolidated Revenue Fund, and the Capital receipts of N278,905,000,000.00 to be realized as follows: External and Internal Aids and Grants – N15,000,000,000; other receipts – N80,202,000,000; Domestic Loans/Borrowings receipts – N55,000,000,000; and International Loans/Borrowings – N128,503,000,000.”

GrammarNazi1:

This looks good...

Lol
Thank you.

Most ambitious governor in Nigeria. He was the chairman of pinnacle oil before becoming a governor.

Do we need industry leaders or academic leaders, or politicians or bureaucrats or even professionals governors

Is this ambitious governor what we need or mad people like Mazi Nnamdi Kanu and Simon Ekpa. Time will tell.

That kind of money no dey fear dem with all stupid sit at home business , nonsense region 😔

---

Slashes recurrent expenditure.

33% for education.

Increased IGR.


I like this man.

Good

When the righteous is in authority, the people rejoice

Welldone, governor Mbah!

Go on in transforming our dear state. We are solidly behind you!


Tomorrow is here indeed.

All I see here is a governor that has ed southwest governors in inflating IGR to enable borrowing. At least, this proves most states that post high IGR do inflate the figures to attract more loans.

Man must chop, election is by the corner, MBA no forget to letter submit supplementary Budget 😋😋😋

Meanwhile always know that
it is only in Nigeria you will see a lady preparing for marriage and she only has #5k or less in her

With mind blowing Mileage 😋

Hahaha. Our IGR brothers from the waste can now rest. IGR is a matter of taxation. Enugu state GDP is among the least in the country but look at the IGR. Enugu poverty rate is only second to Ebonyi in SE but look at IGR. Taxation is never a yardstick to measure economic growth. However, the governor has always emphasized his ambition to make Enugu top 3 GDP in Nigeria. Unlike waste side where Ogun GDP is below Imo and Anambra but they want to rub IGR on our face

Every month budget, yet the country,states and it's citizens are in abject poverty.

Armaggedon:
All I see here is a governor that has ed southwest governors in inflating IGR to enable borrowing. At least, this proves most states that post high IGR do inflate the figures to attract more loans.

Very good of him. No be only one person sabi do the IGR madness. Next is strong media presence to deal with Lagos-Ibadan propaganda machine

36STATES:
Looking for Floor Plan Designers[

I need someone skilled in using software or apps to create professional floor plans. Attached is an example of the type of work required. I have five floor plans to be done now, and this will be ongoing work (approximately twice a month).

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If you can assist with this, please me immediately indicating interest here with your info.

Thank you!

I am interested

36STATES:
Looking for Floor Plan Designers[

I need someone skilled in using software or apps to create professional floor plans. Attached is an example of the type of work required. I have five floor plans to be done now, and this will be ongoing work (approximately twice a month).

The attached images show a floor plan, where I’ve used Adobe Acrobat Pro to add fire alarm icons and emergency exit route arrows.

If you can assist with this, please me immediately indicating interest here with your info.

Thank you!

I am interested call or WhatsApp:09166215185

BoldBrainz:
Mbah wants to borrow about 200 billion naira to fund a bloated budget even when he's relying on the ability of his government to more than triple the revenue from taxes all for a budget we all know will not see seventy percent implementation.

He's here speaking plenty grammar when he's about to plunge the state into more debt and I'm pretty certain his ers will be applauding him right now.

Our thoughts and prayers are with Enugu residents come 2025. Una landlords go sha increase una house and shop rents tire.

Inflation go hit Enugu well well with this overbloated budget.

Neighbouring Abakaliki dey to soak up the pressure sha.

Ebubu6:

Inflation go hit Enugu well well with this overbloated budget.

Neighbouring Abakaliki dey to soak up the pressure sha.

Inflation When recurrent expenditure is drastically reduced? Can Enugu even have inflation different from the rest of the country?Nwa Abakaleke try go school

XerXers:

Inflation When recurrent expenditure is drastically reduced? Can Enugu even have inflation different from the rest of the country?Nwa Abakaleke try go school

Enugu grossly increased its budget higher than the average budget of the federating states.

Their inflation will be different from that of other states for sure.

Money for infrastructure means more flyovers, more new roads, et cetera.

By the time fly over your Plaza complex no be you go tell landlord to increase shop rent by 50k because of the improved site

Dey play.

We know how newly sited infrastructure in a location uplifts cost of rents in that axis and as well as cost of any empty land in same axis.

You never see anything


Call me Nwa Ngbo, I'm from Ngbo in Ebonyi state.

Ebubu6:
Enugu grossly increased its budget higher than the average budget of the federating states.

Their inflation will be different from that of other states for sure.

Money for infrastructure means more flyovers, more new roads, et cetera.

By the time fly over your Plaza complex no be you go tell landlord to increase shop rent by 50k because of the improved site

Dey play.

We know how newly sited infrastructure in a location uplifts cost of rents in that axis and as well as cost of any empty land in same axis.

You never see anything


Call me Nwa Ngbo, I'm from Ngbo in Ebonyi state.

Are you now saying that infastructure or development is not good ?
Again there can't be a localized inflation, Enugu state is an open geographical area with free entry and exit.

The only thing I hate about the budget is the intended borrowing of about 200b.
He should have just budgeted 700b to avoid borrowing which I believe would be enough to make significant change in Enugu state within the year , Soludo budgeted 670b without any plan of borrowing and I believe he will do well with it if well implemented

36STATES:
Looking for Floor Plan Designers[

I need someone skilled in using software or apps to create professional floor plans. Attached is an example of the type of work required. I have five floor plans to be done now, and this will be ongoing work (approximately twice a month).

The attached images show a floor plan, where I’ve used Adobe Acrobat Pro to add fire alarm icons and emergency exit route arrows.

If you can assist with this, please me immediately indicating interest here with your info.

Thank you!

Hello, Yes I can assist you with this. I work with Revit and Autocad to produce 2D and 3D architectural designs. Kindly me via whatsapp or call or you can drop your and I'll reach out to you.

+234-8062528467

Best Regards

Good set of governors from the southeast this time... Dominating the news positively.

Objectivist04:


Are you now saying that infastructure or development is not good ?
Again there can't be a localized inflation, Enugu state is an open geographical area with free entry and exit.

The only thing I hate about the budget is the intended borrowing of about 200b.
He should have just budgeted 700b to avoid borrowing which I believe would be enough to make significant change in Enugu state within the year , Soludo budgeted 670b without any plan of borrowing and I believe he will do well with it if well implemented

You're the one who said it, not me. Show me where I said it.

I only said the expected implication of the overbloated budget.

Take my state for example, when Dave Umahi went about erecting new flyovers everywhere to the point Ebonyi has over 15 of such, dualizing roads, and siting the airport at Onueke, cost of land per plot in Onueke for instance went from about 150k to selling 1.5 to 2million Naira per plot. This was a result of inflated budget where almost 70% was allocated to infrastructure. Mind you, fuel subsidy and dollar arbitrage hadn't been removed then as Buhari was still in power. Yet, cost of plots of land and house rents were on free spike. This happened while inflation for a plot of land in any other federating state with lesser allocation for infrastructure grew at a slower rate.

Are you getting me? I'm not condemning infrastructure, I'm enjoying Ebonyi as a result of Dave's Infrastructural revolution. I'm only pointing to the good people of Enugu that when their Governor actually actualizes it, that this is the likely outcome from the experience of one state in the federation.

The inflation percentage however, is what I do not know. 100% ? 20% ? They should just brace up for it.

That inflated budget costs for infrastructure will go down to local constructing companies in Enugu after all. Negating it will have no impact on prices of commodities, reeks of illiteracy.

Cc: xerxers

Finename:

---

Slashes recurrent expenditure.

33% for education.

Increased IGR.


I like this man.

Hmmm, Mbah of Enugu averaging 200b naira per annum as IGR; My Governor, Mr Soludo must go to understudy Mbah, Anambra can do N300b if Enugu is doing 200b. No time to waste!

Kudos to Ndi Enugu and Mbah.

36STATES:
Looking for Floor Plan Designers[

I need someone skilled in using software or apps to create professional floor plans. Attached is an example of the type of work required. I have five floor plans to be done now, and this will be ongoing work (approximately twice a month).

The attached images show a floor plan, where I’ve used Adobe Acrobat Pro to add fire alarm icons and emergency exit route arrows.

If you can assist with this, please me immediately indicating interest here with your info.

Thank you!

how does one you? so we can discuss further?

XerXers:

Very good of him. No be only one person sabi do the IGR madness. Next is strong media presence to deal with Lagos-Ibadan propaganda machine

to whose benefi? Fiscal transparency is key to good governance and prosperity.